Constellium reports Q1 EPS 26c vs. 14c last year

Reports Q1 revenue $2.0B, consensus $1.67B. CEO Jean-Marc Germain said, “Constellium (CSTM) delivered solid results in Q1 despite continued demand weakness across most of our end markets outside of packaging and some lingering impacts from the flood last year at our Valais operations…Free Cash Flow was negative $3M in the quarter, which includes a negative $27M impact at Valais as the business continued to recover from the flood last year. We repurchased 1.4 million shares for $15M during the quarter, and we ended the quarter with leverage at 3.3x. While the tariff and international trade situation remains highly unpredictable, at this stage we are maintaining our prior guidance for 2025 and expect Adjusted EBITDA to be in the range of $600M-$630M, excluding the non-cash impact of metal price lag, and Free Cash Flow in excess of $120M. Our guidance assumes that the overall macroeconomic and end market environment will remain relatively stable. We also remain confident in our ability to deliver on our long-term target of Adjusted EBITDA of $900M, excluding the non-cash impact of metal price lag, and Free Cash Flow of $300M, in 2028. We will continue to closely monitor the situation and update our guidance as necessary”.